Economic Growth and Liquidation of Natural Capital: The Case of Forest Clearance

2004 ◽  
Vol 80 (2) ◽  
pp. 194 ◽  
Author(s):  
Robin Naidoo
Keyword(s):  
Economic Growth ◽  
Natural Capital ◽  
Forest Clearance

scholarly journals Economic Growth and Negative Externalities in India

2019 ◽  
Vol 15 (3) ◽  
pp. 143-157
Author(s):  
Dhananjaya K
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Natural Capital ◽  
Growth Models ◽  
Future Generation ◽  
Jel Classification ◽  
Negative Externalities ◽  
Growth Environment ◽  
Bidirectional Relationship ◽  
Increasing Temperature

Of late the world has realized that the growth models that believed in growth- environment tradeoff are not sustainable. In the pursuit of increasing their GDP, countries have ignored the negative externalities of growth, which would seriously threaten the survival of the future generation. Two kinds of damage are caused by unsustainable growth. Firstly, productive base, particularly, natural capital, like forest, minerals, energy, is depleting. Secondly, environmental pollution and climate change caused by excessive CO2 emissions are threatening human lives in terms of deteriorating health conditions and increasing temperature level (OECD, 2012). In the light of these concerns, sustainable development has become an important goal of nations. This study attempts to assess the extent of negative externalities in India and analyze the relationship between negative externalities and growth of GNI. The study finds that the economic growth of India is more sustainable as compared to all income categories countries. Further, the analysis detected a bidirectional relationship between negative externalities and GNI growth in the post-1990s. Keywords: Negative Externalities, Sustainable Development, and Genuine Saving Rate. JEL Classification: Q560

scholarly journals The Impact of Renewable Versus Non-renewable Natural Capital on Economic Growth

2020 ◽  
Vol 77 (2) ◽  
pp. 271-333
Author(s):  
Farid Gasmi ◽  
Laura Recuero Virto ◽  
Denis Couvet
Keyword(s):  
Economic Growth ◽  
Natural Capital ◽  
The Impact

Green accounting: from theory to practice

2000 ◽  
Vol 5 (1) ◽  
pp. 13-24 ◽  
Author(s):  
JEFFREY R. VINCENT
Keyword(s):  
Economic Growth ◽  
Developing Country ◽  
Natural Capital ◽  
National Income ◽  
Theoretical Work ◽  
Substantial Portion ◽  
Green Accounting ◽  
Theory To Practice ◽  
Rapid Economic Growth ◽  
The World

A decade has passed since Wasting Assets, a study of Indonesia by Robert Repetto and colleagues at the World Resources Institute, drew widespread attention to the potential divergence between gross and net measures of national income. This was by no means the first ‘green accounting’ study. Martin Weitzman, John Hartwick, and Partha Dasgupta and Geoffrey Heal had all conducted seminal theoretical work in the 1970s. But the World Resources Institute study demonstrated that data were adequate even in a developing country to estimate adjustments for the depletion of some important forms of natural capital and that the adjustments could be large relative to conventional, gross measures of national product and investment. The adjusted, net measures suggested that a substantial portion of Indonesia's rapid economic growth during the 1970s and 1980s was simply the unsustainable ‘cashing in’ of the country's natural wealth.

Green national accounting: the case of Chile's mining sector

2002 ◽  
Vol 7 (2) ◽  
pp. 215-239 ◽  
Author(s):  
Eugenio Figueroa ◽  
Enrique Calfucura ◽  
Javier Nuñez
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Natural Capital ◽  
Significant Part ◽  
National Accounts ◽  
Mining Sector ◽  
Empirical Results ◽  
Income Measure ◽  
The One ◽  
Economic Income

This article uses the welfare foundations for the usual net domestic product (NDP) income measure of the traditional National Accounts System (NAS) provided by Weitzman (1976, 2000), and the propositions of Hartwick (1993) and Hamilton (1994a) to correct this measure in order to obtain a green (sustainable) measure of economic income. It estimates green measures of the economic income of Chile's mining sector for the period 1977–1996. Different methodologies regarding the valuation of mining resources are employed, and exploration expenditures in the mining sector are included to empirically estimate the green measures of income. The results clearly show that the usual income measures of the traditional NAS overestimated the economic income generated by the Chilean mining sector during the period by 20–40 per cent, and its rate of growth by 3–20 per cent. Moreover, this overestimation has increased in recent years. These empirical results are remarkably similar when different methodologies are used to calculate green measures of the mining sector's economic income. The empirical evidence produced in this work, together with the one provided by other studies, leads to the conclusion that Chile's outstanding recent economic growth has not delivered the amount of economic income recorded by its NAS, since a significant part of it corresponded to depreciation of the country's natural capital.

scholarly journals La Economía del Estado Estacionario: ¿El único camino hacia un futuro sostenible?

2010 ◽  
Vol 27 (46) ◽  
pp. 71
Author(s):  
Christian Kerschner
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Sustainable Development ◽  
Natural Capital ◽  
Classical Mechanics ◽  
Weak Sense ◽  
Neoclassical Economic ◽  
A Value ◽  
Neoclassical Economic Theory ◽  
Value Concept

Los economistas ecológicos (p.ej.: Herman Daly) dicen que el desarrollo sostenible solo puede alcanzarse mediante un drástico cambio en nuestro sistema económico basado en el crecimiento. El crecimiento  económico  continuo siendo éste el objetivo de cualquier gobierno, es inherentemente incompatible con el desarrollo sostenible, a menos que el desarrollo sostenible sea definido de forma débil; es decir aceptando sustituibilidad entre capital producido por el hombre y capital natural. Esto ya se lleva actualmente a cabo por la teoría económica neoclásica, las raíces de la cual se encuentran en el concepto del valor, análogo al principio de conservación de la mecánica clásica. Algunos autores esgrimen que es este concepto del valor, combinado con la panacea del progreso tecnológico, lo que permite a la  teoría económica neoclásica creer en un crecimiento económico ilimitado.ABSTRACTEcological Economists (e.g.: Herman Daly) claim that sustainable development can only be achieved by drastically changing our growth based economic system. Continuous economic growth, which is the goal of every government, is inherently incompatible with sustainable development, unless sustainable development is defined in a weak sense; that is as accepting substitutability between human made and natural capital. This is currently done by neoclassical economic theory, the roots of which are based on a value concept, analogous with the conservation principle of classical mechanics. Some authors argue that it is this value concept combined with the panacea of technological progress, which allows neoclassical economic theory to believe in unlimited economic growth.

scholarly journals MENDORONG PERTUMBUHAN EKONOMI MELALUI PENINGKATAN PARTISIPASI SOSIAL: Studi Kasus Pembangunan Ekowisata di Desa Mandak

2021 ◽  
Vol 9 (2) ◽  
Author(s):  
Akhmad Munif Mubarok ◽  
Lukman Wijaya Barata ◽  
Siti Sundari
Keyword(s):  
Economic Growth ◽  
Natural Capital ◽  
Tourism Development ◽  
Research Approach ◽  
Self Awareness ◽  
Mutual Cooperation ◽  
Existing Problems ◽  
Village Community ◽  
Shared Awareness ◽  
Data Validity

Social participation through the construction of Watu Rusun Tourism in Mendak Village, D Dagang District, Kapadi Madiun District is one of the uses of horizontal participation in an effort to encourage economic growth in the Mendak Village community. Starting from the people's unrest about crop failures that continue to occur, people are looking for solutions to the problems they experience by looking at the potential that exists in Mendak Village. From this comes a shared awareness about the natural capital it has, and the community is interested in developing the natural potential in the village. Owned capital is utilized in tackling the decline in income, so it was agreed by Watu Rangkas as a tourist destination that is expected to be able to grow the people's economy again. This research approach is qualitative and type of research uses descriptive studies. Determination of informants in research using purposive techniques. Data collection techniques are observation, interviews, and documentation. Data analysis uses data reduction, data presentation, and drawing conclusions and verification. The data validity technique uses source triangulation. The results showed that participation formed by the Mendak Village community was a form of horizontal participation. Where horizontal participation is participation born from community self-awareness in dealing with existing problems. The background of the formation of this participation comes from the condition of clove harvest failure which is a common problem. Then the problem solving is obtained by exploiting natural potential, namely tourism development. Development activities are carried out in mutual cooperation until there is economic growth, all these activities are a form of development carried out by community participation. Participation in Watu Rusun tourism development can occur because of the willingness of the community to be involved in tourism development, the opportunities provided by the community, and the ability of the community to utilize tourism. The benefits of participation in tourism development for the community are the availability of new jobs, the emergence of businesses in processing local potential, and the existence of CSR from investors for tourism development.Keywords: Failure of Clove Agriculture, Horizontal Participation, Watu Rusun Tourism Development, community economic growth.

Sustainable Economic Growth and the Role of Natural Capital

2017 ◽  
Author(s):  
Dieter Helm
Keyword(s):  
Economic Growth ◽  
Twentieth Century ◽  
Natural Capital ◽  
Growth Path ◽  
Capital Maintenance ◽  
Balance Sheets ◽  
Starting Point ◽  
Sustainable Economic Growth ◽  
Microeconomic Foundations

The conventional economic approaches to economic growth have focused on macroeconomic aggregates and on neoclassical microeconomic foundations; on flows rather than stocks; and on utility rather than capabilities. This chapter presents an alternative asset-based approach, focused on balance sheets and capital maintenance. The starting point is the assets necessary to provide the capability for consumers and businesses to participate in the economy. Many of these are infrastructures and public goods, and among these natural capital plays a central role. The depletion of natural capital in the twentieth century, notably the atmosphere and biodiversity, has overstated economic growth and left a legacy of capital maintenance and enhancement. The chapter defines the rules for a sustainable economic growth path, incorporating natural capital.

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